Proceeding contribution from Lord Sharman (Liberal Democrat) in the House of Lords on Wednesday, 11 January 2006. It occurred during Debate on bill on Company Law Reform Bill [HL] 2005-06.
Company Law Reform Bill [HL]
My Lords, will the Minister reflect on my suggestion that dividend distribution policy should be based on a solvency test, which is a simple test: can you afford, in cash terms, to pay the dividend? It is not a structural test, it is a solvency test: can you afford to pay it? That is what is done in the United States.
Secondary information
- Type
- Proceeding contribution
- Reference
- 677 c247
- Session
- 2005-06
- Chamber / Committee
- House of Lords chamber
- Subjects
- Codes of practice Charities Audit Accountancy Company law Company accounts Companies Directors Fraud Finance ICT Liability Environment Donors EU law Information Pensions Political parties Meetings Registration Small businesses Shares Reform Shareholders Takeovers
- Legislation
- Companies Act 1985
- Companies Act 1989
- Company Law Reform Bill (HL) 2005-06
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2024-04-21 21:26:09 +0100
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